Question: I heard that Union Bank of Nigeria recently launched its Tech Ventures Programme to support the development of technology businesses. What is the programme about and how can a business access it?

Ademola Osinuga, Ibadan

Answer: The Union Bank of Nigeria Tech Ventures Programme is set up to support new technology businesses, by assisting them to start, scale or grow their businesses.

Depending on its stage of growth, the programme offers technology-based businesses one of three options, namely:

Nurture: This package offers mentorship, technical support and collateral-free loans to technology start-ups. It also assists them with internet access and office space.
Scale: Middle-level businesses can use this package to scale their operations. It helps them achieve their objective through such business support services as Accounting, Human Resources, Payroll and Logistics. It also provides funding, which it complements with business advisory services.
Unicorn. Businesses in their growth-stage can leverage the unicorn package. It blends credit facilities with access to Union Bank’s distribution channels and customers, supported by the bank’s advisory services.

You can access the Union Bank Tech Ventures Programme by signing up at ... Click here to continue reading